Saudi Arabia has officially opened its property market to foreign buyers through a new digital platform linked to its Foreign Real Estate Ownership Law. The reform allows eligible foreign residents, overseas investors and companies to apply online to purchase property in designated areas across the Kingdom. The move is part of Crown Prince Mohammed bin Salman’s Vision 2030 strategy to diversify the Saudi economy beyond oil, attract foreign investment and support ambitious mega-projects such as NEOM, the Red Sea Development, Diriyah and Qiddiya. But what are the new rules? Who is eligible? Which areas remain restricted? And why is Riyadh making this move now?
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Saudi Arabia | Vision 2030 | Mohammed Bin Salman | Saudi Real Estate | Foreign Investment | NEOM | Riyadh | Firstpost | World News | News Live | Vantage | Hem Saroya | News
#saudiarabia #vision2030 #mohammedbinsalman #neom #riyadh #firstpost #vantageonfirstpost
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